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| Tekijä: | Black, B. Gospel, H. Pendleton, A. |
| Otsikko: | The impact of equity markets and corporate governance on labour market flexibility |
| Lehti: | International journal of human resource management
2008 : OCT, VOL. 19:10, p. 1792-1808 |
| Asiasana: | labour markets flexibility stock markets equities employment pay corporate governance OECD |
| Kieli: | eng |
| Tiivistelmä: | This study explores links btw. equity markets and labour market flexibility (henceforth as: flex). Using various data sources, relationships for a set of OECD countries are tested, controlling for other likely influences on flex., e.g. government and industrial relations institutions. The results are generally supportive as to employment flex.: equity market trading activity is associated with higher activity rates, shorter job tenure, and greater employment change over the cycle. Yet, the relationship btw. equity markets and pay flex. is less statistically robust to the addition of controls. |
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